Which of the Following Type of Model Is Used When

question 16

Multiple Choice

Which of the following type of model is used when inputs are modeled with probability distributions

• A) Simulation model 
• B) Deterministic model 
• C) Heuristic model 
• D) Spreadsheet model

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Definitions:

Transfer Price

The price at which goods, services, or intellectual property are traded between divisions within the same company.

Buying Division

is a department within an organization responsible for purchasing goods and services the organization needs.

Selling Division

The division or part of an organization responsible for selling the company's products or services to customers.

Transfer Price

The price charged for goods, services, or intellectual property when these are exchanged between divisions within the same company.